ORLANDO, FL -- November 5, 2013 -- LightPath Technologies, Inc. (“LightPath”, the “Company” or “we”) (NASDAQ: LPTH), a global manufacturer, distributor and integrator of patented optical components and high-level assemblies, today announced that Gary Silverman, 74, a member of its Board of Directors, passed away on November 1, 2013. Mr. Silverman served on the Board for more than twelve years.
"We are deeply saddened by the death of our colleague," said James Gaynor, President and Chief Executive Officer of LightPath. "Gary was a valued member of our Board of Directors and trusted counselor. His wit, wisdom, and contributions to the success of our company will be sorely missed. My deepest condolences go out to his family."
Robert Ripp, Chairman of the Board of Directors, added, "We extend our condolences to Penny Silverman and her family. I greatly appreciated Gary's wisdom and business counsel on LightPath matters. He is a great loss for the company and I will miss a dear and valued friend. Our thoughts and prayers are with Gary and his family."
About LightPath Technologies
LightPath (NASDAQ: LPTH) manufactures optical products including precision molded aspheric optics, GRADIUM® glass products, proprietary collimator assemblies, laser components utilizing proprietary automation technology, higher-level assemblies and packing solutions. The Company's products are used in various markets, including industrial, medical, defense, test & measurement and telecommunications. LightPath has a strong patent portfolio that has been granted or licensed to us in these fields. For more information, visit www.lightpath.com. GRADIUM® is a registered trademark of LightPath Technologies.